Tower Research Capital LLC TRC Buys 11,214 Shares of Seagate Technology Holdings plc (NASDAQ:STX)

Tower Research Capital LLC TRC boosted its stake in Seagate Technology Holdings plc (NASDAQ:STX - Free Report) by 211.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 16,525 shares of the data storage provider's stock after purchasing an additional 11,214 shares during the quarter. Tower Research Capital LLC TRC's holdings in Seagate Technology were worth $1,426,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of STX. World Investment Advisors LLC acquired a new stake in Seagate Technology in the third quarter valued at approximately $217,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Seagate Technology during the third quarter worth about $54,000. Optimist Retirement Group LLC acquired a new position in shares of Seagate Technology in the third quarter valued at approximately $249,000. Tidal Investments LLC raised its holdings in Seagate Technology by 21.3% in the 3rd quarter. Tidal Investments LLC now owns 5,441 shares of the data storage provider's stock valued at $596,000 after buying an additional 956 shares during the last quarter. Finally, Synovus Financial Corp boosted its position in Seagate Technology by 36.6% during the 3rd quarter. Synovus Financial Corp now owns 4,054 shares of the data storage provider's stock worth $444,000 after buying an additional 1,087 shares during the period. 92.87% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have recently issued reports on STX. Summit Insights raised shares of Seagate Technology from a "hold" rating to a "buy" rating in a research note on Wednesday, January 22nd. Rosenblatt Securities upped their price target on Seagate Technology from $140.00 to $150.00 and gave the company a "buy" rating in a research report on Wednesday, January 22nd. Morgan Stanley lowered their price objective on Seagate Technology from $133.00 to $129.00 and set an "overweight" rating for the company in a research report on Tuesday, January 21st. Mizuho reduced their target price on Seagate Technology from $115.00 to $95.00 and set an "outperform" rating on the stock in a report on Thursday, April 10th. Finally, Cantor Fitzgerald restated a "neutral" rating and set a $120.00 price target on shares of Seagate Technology in a report on Wednesday, January 22nd. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $117.39.

Insider Activity

In other news, CEO William D. Mosley sold 20,000 shares of the stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $84.56, for a total transaction of $1,691,200.00. Following the completion of the transaction, the chief executive officer now owns 555,677 shares in the company, valued at approximately $46,988,047.12. This represents a 3.47 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.81% of the company's stock.

Seagate Technology Trading Up 0.5 %

Shares of STX stock traded up $0.41 during trading on Tuesday, hitting $82.57. The company's stock had a trading volume of 1,663,723 shares, compared to its average volume of 2,764,649. The company has a market cap of $17.48 billion, a PE ratio of 15.08 and a beta of 1.21. The business has a fifty day moving average of $84.21 and a 200-day moving average of $93.32. Seagate Technology Holdings plc has a 52 week low of $63.19 and a 52 week high of $115.32.

About Seagate Technology

Seagate Technology Holdings plc provides data storage technology and solutions in Singapore, the United States, the Netherlands, and internationally. It provides mass capacity storage products, including enterprise nearline hard disk drives (HDDs), enterprise nearline solid state drives (SSDs), enterprise nearline systems, video and image HDDs, and network-attached storage drives.